Common use of Utility Deposits Clause in Contracts

Utility Deposits. Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

Appears in 18 contracts

Samples: Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.), Agreement of Purchase and Sale (Griffin Capital Essential Asset REIT II, Inc.), Agreement of Purchase and Sale (Rexford Industrial Realty, Inc.)

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Utility Deposits. Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser Buyer at the Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Thermo Fisher Scientific Inc.), Purchase and Sale Agreement (Varian Semiconductor Equipment Associates Inc)

Utility Deposits. Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Regency Realty Corp)

Utility Deposits. Seller shall receive a credit at Closing for the amount of deposits, if any, with any utility companies that or similar deposits made by Seller which are transferable not refundable to Seller by the holder thereof and that which deposits are assigned either transferred to Purchaser at the or shall benefit Purchaser following Closing.

Appears in 1 contract

Samples: Agreement for the Purchase and Sale (Parlux Fragrances Inc)

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Utility Deposits. Seller shall receive a credit for the amount of ---------------- deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing. If Seller may not transfer or assign such deposits, then Purchaser shall pay to an applicable utility company an amount at Closing necessary to replace the amount of Seller's deposits.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (First Capital Insured Real Estate Limited Partnership)

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